President Joe Biden is working on assembling a new package of investments that would divide $3 trillion among the nation’s infrastructure and domestic needs throughout the next few years. Biden met with Senate Democrats privately this week to begin laying out the groundwork for improving the country’s roads, hospitals, and green energy systems. The investments will be part of Biden’s “Build Back Better” campaign promise.
According to sources, this package will resemble the recent $1.9 trillion Covid-19 relief bill that the president just passed in that it will include family-friendly policies; for this package though the policies will focus on education and paid family leave.
A White House source claimed that the plans are still preliminary, but the overall goal is to use the money to help improve the nation’s economy and overall quality of life for every American. Senator Richard Blumenthal is just one of many Democrats who are prepared to move forward with the package should they be blocked by Republicans. “We need to get it done,” Blumenthal proclaimed.
This package is also likely a response to the Biden Administration’s handling of the US-Mexico border and immigration in general; a topic that the administration is already under fire for due to a slew of migrant crossings and other failed promises brought on by Biden and his team.
According to Yahoo News, “an infrastructure package would include roughly $1 trillion for roads, bridges, rail lines, electrical vehicle charging stations and the cellular network, among other items.
“The goal would be to facilitate the shift to cleaner energy while improving economic competitiveness.”
“A second component would include investments in workers with free community college, universal pre-kindergarten and paid family leave. No part of the proposal has been finalized and the eventual details of any spending could change,” sources said.
House Speaker Nancy Pelosi asked Democratic committee chairmen earlier this month to “start working with their Republican counterparts to begin to craft a big, bold and transformational infrastructure package. The goal is to build swiftly on the coronavirus rescue plan to help people in every zip code by creating good-paying jobs for the future.”
The Federal Reserve estimates that the spending with the Covid-19 relief bill and this infrastructure package could help the economy grow by up to 6.5%. Biden’s campaign also previously promised an increase on corporate taxes and for individuals making about $400,000 annually, which would also help the economy.
The House Energy and Commerce Committee debated a $300 billion measure to invest in clean drinking water and broadband internet access this week while Transportation Secretary Pete Buttigieg is set to speak to the Transportation and Infrastructure Committee later this week. The Senate Finance Committee is also scheduled to meet and discuss tax spending as a means for paying for this package; all of these committee meetings have to do with the overall relief package the Biden Administration has been working on since last month.
Biden is expected to release his budget in the coming weeks while Congress continues to discuss and meet regarding the details of this infrastructure package, which lawmakers claim could be ready by this summer.
Eric Mastrota is a Contributing Editor at The National Digest based in New York. A graduate of SUNY New Paltz, he reports on world news, culture, and lifestyle. You can reach him at email@example.com.